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ORD 1650
City of Pleasanton
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ORD 1650
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2/18/2004 1:26:38 PM
Creation date
3/9/1999 7:12:06 PM
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CITY CLERK
CITY CLERK - TYPE
ORDINANCES
DOCUMENT NO
ORD 1650
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available under California Law. Each par~ in its sole and absolute discretion shall have the <br />right to waive any default by any other party as not materini. <br /> <br /> 13. Amendment or Termination. <br /> <br /> 13.1 A~reement to Amend Or Terminate. County, City {as to that portion of <br />the Subject Propemy ar~nexed to it) and Parmers may, by mutual agreement of all parries, <br />terminate or amend the terms of this Agreement or termination shall be accomplished in the <br />manner provided under California law for the adoption of development agreements, except as <br />provided in subsection 13.2 and 13.3 below. <br /> <br /> 13.2 PD 1837 and PD 1949. Upon wrinen request of Parmers, the County, <br />and/or City (as to that portion of the Subject Property annexed to it) may amend or modify PD <br />1837 and PD 1949 (or any subsequent approvals which are incorporated in this Agreemen0 or <br />Exhibits "B" , "E" or "F" , in compliance with procedural provisions of the rezoning or other <br />land use ordinanct. s and regulations in effect on the date of application for such amendment or <br />modification and State law applicable thefew, except as otherwise pwvided herein. Following <br />annexation, no amendment to PD 1837 or PD 1949 that would decrease the total number of units <br />by more than 15 %, change the nature of the pwject such that anticipated property taxes would <br />be decreased, or decrease the amount of agricultural mitigation fees as required by PD 1837 <br />and PD 1949, shall be made without the written consent of the County Planning Director or a <br />renegotiation of the property tax exchange agreement which the County and City have heretofore <br />reached as to the Pwject. The amendment or modification of PD 1837 and PD 1949 or other <br />subsequent appwvals, with the consent of the Partners, auwmatically shall amend this <br />Agreement without further written action by any party, and this Agreement shall remain in full <br />force and effect except as amended by the amendment to PD 183'7 and PD 1949 or other <br />approvals. This Agreement shall incorporate all of the terms and conditions of such amended <br />PD 1837 and PD 1949. <br /> <br /> 13.3 Subsea_uent Discre~onan/AVprovals- Each subsequent discretionary <br /> approv~,j af th,: ?foj~ct by the Counv/or City shall be deemed to be incorporated by reference <br /> herein and to amend this Agreement as provided herein, effective as of the date of such <br /> approval. <br /> <br /> 14. Mortgagee Protection: Certain Rights of Cure. <br /> <br /> 14.1 Mort~at~ee Protection. This Agreement shall be superior and senior to any <br /> lien placed upon the pwject or portion thereof after the date on which this Agreement is <br /> recorded, including the lien of any deed of trust or mortgage ("Mortgage"). Notwithstanding <br /> the foregoing, no breach hereof shall defeat, render invalid, diminish or impair the lien of any <br /> Mortgage made in good faith and for value, but all of the terms and conditions contained in this <br /> Agreement shall be binding upon and effective against all persons and entities, including all deed <br /> of trust beneficiaries or mortgagees ("Mortgagee") who acquire title to the project or any portion <br /> <br /> <br />
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